CESS Token to Be Listed on Major Exchanges Including Binance Alpha, KuCoin, and Bitget
CESS, the native token of the DePIN-based storage blockchain CESS Network, is set to debut on several leading centralized exchanges today, including Binance Alpha, KuCoin, and Bitget.
According to an official announcement on X, Binance Alpha will be the first to list CESS later today, although the exact listing time has yet to be disclosed. Once live, eligible Binance users will be able to redeem Alpha Points for an undisclosed amount of CESS tokens via the Alpha Events page. Full details about the token airdrop and distribution mechanism will be released once trading commences.
In addition to Binance Alpha, trading for CESS will go live at 10:00 UTC today on other major platforms, including Bitget, Gate.io, MEXC, and KuCoin.
As the CESS Network mainnet has not yet launched, the token will initially be issued on the BNB Smart Chain using the BEP-20 standard, as outlined in the latest tokenomics report. A mainnet launch is planned in the coming months, at which point BEP-20 CESS tokens will be swappable 1:1 for native mainnet tokens via an official cross-chain bridge or token migration process supported by the CESS team.
Following the official Token Generation Event (TGE), the total supply of CESS is set at 10 billion, with an initial circulating supply of 3.5 billion. Notably, 45% of the total supply is allocated to mining incentives for decentralized storage node operators, distributed over a 31-year period using a halving model every four years.
Other token allocations include:
- 15.5% for the project’s treasury and foundation
- 12.5% for the core team and advisors, subject to long-term vesting
- 10% for investors
- 12% for ecosystem partnerships and community growth
- 5% for marketing and promotion
This multi-exchange listing marks a significant step forward for the CESS ecosystem as it continues to expand its presence in the Web3 decentralized storage sector.
What is CESS Network?
CESS Network is a decentralized cloud infrastructure layer designed for real-time, privacy-preserving data storage and delivery.
Built on the Substrate framework, CESS features a high-performance Layer-1 blockchain tailored for data availability and DePIN use cases, with a focus on emerging sectors such as AI, Web3, and DeSci (Decentralized Science).
The network’s native utility token, CESS, powers the ecosystem by enabling storage payments, node staking, verifier rewards, and decentralized governance participation.
In December 2023, CESS secured $8 million in a Series A funding round led by DWF Labs, HTX Ventures, Web3 Foundation, and Infinity Ventures Crypto, along with support from several strategic investors. The funding was aimed at accelerating infrastructure development, preparing for mainnet launch, and expanding adoption across AI and decentralized data platforms.
